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Required information [The following information applies to the questions displayed below] Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The

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Required information [The following information applies to the questions displayed below] Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,050 in investment expenses. They also incur $4,750 of investment interest expense during the year. The Porters' income for the year consists of $171,000 in salary and $3,970 of interest income. a. What is the amount of the Porters' investment interest expense deduction for the year? Required information [The following information applies to the questions displayed below] Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,050 in investment expenses. They also incur $4.750 of investment interest expense during the year. The Porters' income for the year consists of $171,000 in salary and $3,970 of interest income. What would their investment interest expense deduction be if they also had a ($2.490) long-term capital loss

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